Discovery Alaska Hits 767 g/t Silver at Idaho Project

Permitting Status

Discovery is progressing exploration planning and obtaining necessary approvals. For a project on a mix of Idaho State Lease (ISL) and staked claims, the permitting path is state-level, not federal. That is faster than BLM or Forest Service permitting, still requires bonding and reclamation plans.

The Claim Expansion

In early April, Discovery staked an additional 20 claims covering 413.2 acres. The new ground lies to the northwest, east and southeast of the existing ISL. The logic: the prospective geological structures likely extend beyond the original lease boundary.

Practical rule: When a junior stakes ground around an existing project before drilling, it is betting that the mineralised system is bigger than the mapped footprint. The 767 g/t silver sample is the evidence that made that bet worth taking.

What Would Confirm the Setup

• Drilling intersects vein-style mineralisation at depth consistent with the surface geochem and the historic Nierco data. Even narrow intervals with grades above 200 g/t silver would validate the epithermal model.
• The summer drilling window opens on schedule and the contractor mobilises without delays. A missed season pushes the catalyst out 12 months.
• Additional high-grade surface samples from the new claim areas. The strike extensions are untested. One more 500+ g/t silver result from the new ground would expand the target footprint significantly.

What Would Weaken the Thesis

• Drilling returns low-grade or barren intercepts in the Nerco zone. The historic data may have been cherry-picked, or the mineralisation may be discontinuous at depth.
• Permitting delays push drilling into autumn, when weather closes the window. That resets the timeline to mid-2026.
• The 767 g/t sample proves to be an isolated high-grade pod with no continuity. Epithermal systems can be nuggety – one spectacular assay does not guarantee a mine.

The Market Read

DAF trades at 1.5¢ with a $3.875M market cap. That is micro-cap territory. Liquidity is thin. A positive drill result could move the stock multiples. A negative result could cut the valuation in half or worse.

For a trader watching this setup, the key variable is the drill start date. Until the rig turns, the 767 g/t silver number is a headline, not a thesis. The field visit and the claim staking are incremental positives, they do not replace the drill bit.

Same setup, different week. The catch: in micro-cap exploration, the gap between a good surface sample and a economic deposit is wide. Discovery Alaska has a vector. It does not yet have a resource.